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The Fed Confirms It Is Above The Law: Yellen Tells Hensarling "No" On Leak Probe Documents

Tyler Durden's picture




 

Just a few days after Jeb Hensarling accused The Fed of "willful obstruction" in the Congressional leak probe, demanding "immediate compliance" with the subpoena seeing "no legal basis to withhold records from Congress," Janet Yellen has responded in a letter:

  • *YELLEN REPEATS FED CAN'T PROVIDE DOCUMENTS ON LEAK PROBE

If this does not confirm The Fed is utterly above the law, we are not sure what it will take to convince skeptics of the need for an independent audit. As Hensarling previously noted, this appears to be "vigorous and coordinated obstruction.”

Here is the letter...

Which translates as...

 

*  *  *

As The Wall Street Journal's Pedro da Costa reports,

Federal Reserve Chairwoman Janet Yellen said the central bank didn’t provide most of the information requested by members of Congress about an internal investigation because of an ongoing criminal probe into the matter.

 

In a letter to Rep. Jeb Hensarling (R., Texas), chairman of the House Financial Services Committee, Ms. Yellen said the Fed’s Office of the Inspector General, which is conducting the criminal probe with the Justice Department, advised that sharing of the information could harm their investigation.

 

Ms. Yellen wrote the inspector general has indicated that “providing access at this time to records and information would risk jeopardizing that ongoing criminal investigation, and the Department of Justice shares this concern.”

 

“We are committed to working with you to fulfill the Committee’s requests with respect to this matter once the OIG and the Department of Justice have informed us that they have completed their criminal investigation,” Ms. Yellen added.

 

The Fed declined to comment further for this article.

We suspect Pedro will once again not be invited back to the Fed poress conference.

*  *  *

 

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Mon, 06/22/2015 - 16:18 | 6223116 HonkyShogun
HonkyShogun's picture

Nationalize the fucking Fed and pass a referendum that any member of Congress accepting funds must abstain from introducing or voting on legislation that might imply a conflict of interest with regard to the donor's line of business.

Mon, 06/22/2015 - 16:19 | 6223122 MFL8240
MFL8240's picture

Oh come on, that would require honesty and we have none of that in DC.

Mon, 06/22/2015 - 16:23 | 6223143 chumbawamba
chumbawamba's picture

The Fed is some sort of private organization, akin to the NFL for instance.  They are a private entity and not beholden to Congress.  The Fed would need to be sued by the United States in order to force it to provide internal documents, and that's probably never going to happen, since the US and the Fed are owned by the same entities.

I am Chumbawamba.

Mon, 06/22/2015 - 16:28 | 6223159 Rainman
Rainman's picture

remove the word probably, if you please

Mon, 06/22/2015 - 16:43 | 6223210 FL_Conservative
FL_Conservative's picture

“We are committed to working with you to fulfill the Committee’s requests with respect to this matter once the OIG and the Department of Justice have cleansed our records of the dates and transactions you are requesting [informed us that they have completed their criminal investigation],” Mr.[Ms.] Yellen added.

 

Fixed it for them.

Mon, 06/22/2015 - 17:08 | 6223283 MonetaryApostate
MonetaryApostate's picture

Heir Hellen!  

 

 

errr Yellen!

Mon, 06/22/2015 - 17:18 | 6223319 SafelyGraze
SafelyGraze's picture

Joint Resolution

1. The Federal Reserve, including but not limited to its committees, its member banks, and its employees, is hereby dissolved.

2. Any and all legislation regarding the Federal Reserve is hereby rescinded.

3. The assets and liabilities of the Federal Reserve and its member banks are hereby transferred to the Treasury.

4. Any and all regulatory and/or policy authority previously delegated to the Federal Reserve is reserved to the Congress.

 

 

Mon, 06/22/2015 - 17:27 | 6223347 Bumpo
Bumpo's picture

What's the point? You're just going to let them off the hook. Either shut it down, or don't bother. We all know bankers are bequeathed a 'Get out of Jail Free' card every time.

Mon, 06/22/2015 - 17:28 | 6223356 eatthebanksters
Mon, 06/22/2015 - 18:17 | 6223538 Four chan
Four chan's picture

hooker was the mf man.

Mon, 06/22/2015 - 17:39 | 6223403 kaiserhoff
kaiserhoff's picture

I hereby nominate Safely for prezzi den.

Ed Snowden for VP.

Mon, 06/22/2015 - 17:01 | 6223265 Trucker Glock
Trucker Glock's picture

Can Yellen at least provide information regarding her steroid use?

Mon, 06/22/2015 - 22:44 | 6224292 eatthebanksters
eatthebanksters's picture

tow injections weekly, one in each butt cheek, dynabol

Mon, 06/22/2015 - 17:56 | 6223467 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The Fed would need to be sued by the United States in order to force it to provide internal documents

Or an anonymous document dump by some hacker group with said documents shows up on the internet or some 'whistle blower' leaks the documents to a major media outlet (preferably a foreign one outside DOJ jurisdiction) who publishes them promptly.

You get the idea.

Mon, 06/22/2015 - 18:15 | 6223529 Bobbo
Bobbo's picture

... the Fed’s Office of the Inspector General, which is conducting the criminal probe ...

Wow ! 
That sounds important ! 
Who is that again ?
Doing what ?

Don't need no stinkin badges !
And don't need no law neither !

Mon, 06/22/2015 - 21:19 | 6224071 BarkingCat
BarkingCat's picture

Wrong. This is a subpoena and carries legal weight.
Of course congress is a dickless eunuch, so they will not do anything about it.
Plus the Fed is owned by major banks for which majority of congress are nothing but cheap whores.

Mon, 06/22/2015 - 21:24 | 6224090 BarkingCat
BarkingCat's picture

..double post

Mon, 06/22/2015 - 16:23 | 6223145 NoDebt
NoDebt's picture

Yes.  Let's pass another law they will ignore.

This will end only at gunpoint and not a moment sooner.

Mon, 06/22/2015 - 16:47 | 6223223 joseJimenez
joseJimenez's picture

Amen!

Mon, 06/22/2015 - 17:11 | 6223298 MonetaryApostate
MonetaryApostate's picture

Captain obvious wins again, in a major way too.. :D

Mon, 06/22/2015 - 16:25 | 6223149 ghostzapper
ghostzapper's picture

You are optimistic about human nature to simply nationalize the Fed.  It needs to be abolished along with the counterfeit FRN.  Then try to start over with all currency issued and controlled by UST (which will still fail eventually).  At least the Treasury would not be as criminal as the Fed perhaps.

Lots of people dancing on the BTC grave - so why isn't it gone yet?

Mon, 06/22/2015 - 16:34 | 6223187 HonkyShogun
HonkyShogun's picture

I thought we started out that way before yon Hymie got a hold of our "leadership".

Mon, 06/22/2015 - 16:49 | 6223229 joseJimenez
joseJimenez's picture

They probably be just as criminal but at least we can believe to be closer to stopping it

Mon, 06/22/2015 - 17:08 | 6223285 chumbawamba
chumbawamba's picture

Technically, no one is forcing you to use the FRN, which is a private banker currency.

Also, there's no such thing as a permanently stable currency.  Even gold and silver float relative to goods based on supply & demand.

The only currency that remains stable throughout "time" and space is love.

I am Chumbawamba.

Mon, 06/22/2015 - 17:41 | 6223420 WillyGroper
WillyGroper's picture

They can't steal it either. ;)

Mon, 06/22/2015 - 21:26 | 6224102 BarkingCat
BarkingCat's picture

The government is forcing everyone in the US to use Federal Reserve Notes. It is how taxes are paid. Then there is tge little issue of legal tender laws.

Mon, 06/22/2015 - 16:33 | 6223178 Kaiser Sousa
Kaiser Sousa's picture

DEATH TO THE MONEYCHANGERS.

Mon, 06/22/2015 - 16:59 | 6223257 chunga
chunga's picture

I'll bet the all the banks in Israel are run by dual citizen goys that rob them blind all the time and they don't have to follow any laws, either.

Mon, 06/22/2015 - 21:04 | 6224022 A_latvian
A_latvian's picture

Or we could just return to the U.S. Constitution and only allow the government itself to create money, instead of unelected bankers and appointees.

A "Nationalized Federal Reserve" sounds about as appealing as the the IRS with even more ultimate authority. Or perhaps all 4 horsemen combined. You choose.

Mon, 06/22/2015 - 16:18 | 6223119 MFL8240
MFL8240's picture

Not surprised at all.  

Mon, 06/22/2015 - 16:20 | 6223127 Usurious
Usurious's picture

FUCK YOU, PAY ME

Mon, 06/22/2015 - 16:34 | 6223189 JLee2027
JLee2027's picture

Arrest Yellen. Congress has the authority.

Mon, 06/22/2015 - 16:57 | 6223250 JR
JR's picture

Who can deny that this secret, private despotism has America by the throat? The Founders, the Constitution and the People of America looked to Congress to represent their interests. instead, Congress creates in its secret basement a giant Frankenstein to be unleashed on the people. And when this Frankenstein sneers and scoffs at any limitations on its power, the Congress sits in its basement and writes letters that receive no answer.

What to do? Well, like little boys who have lost at marbles, they can cry.

The Congress is a rule-making, taxing body. And while Americans try to follow the rules as the payers of the tax, a solution to their dilemma with the Congress and the Fed suggests itself: stop feeding the keeper of the Frankenstein: stop providing the fuel that is used to burn America. Stop paying taxes!

Mon, 06/22/2015 - 16:19 | 6223121 Bagbalm
Bagbalm's picture

Too important to jail.

Mon, 06/22/2015 - 16:19 | 6223126 Arnold
Arnold's picture

Some how, and it's not coming to me this second, We knew this already.

Mon, 06/22/2015 - 16:21 | 6223138 Arnold
Arnold's picture

Ah yess there it is...............................................

 

 

 

https://www.youtube.com/watch?v=CM2vMHx46ww

Mon, 06/22/2015 - 16:44 | 6223181 pFXTim
pFXTim's picture

rather than the founding fathers, it'd be more appropriate to have the Fed stock holders portraits on all Federal Reserve Notes...

Mon, 06/22/2015 - 16:20 | 6223128 ghostzapper
ghostzapper's picture

Cabal owns the Fed and the Cabal owns Congress.  Simply theatre with the actors trying to avoid a date with a nailgun before terminal implosion.  

Mon, 06/22/2015 - 16:21 | 6223136 NoDebt
NoDebt's picture

They don't even try to hide it any more.  They just do it right in front of us and dare anybody to try to stop them.

You have to wonder if Congress even gives a shit they've been rendered completely irrelevant.  

Mon, 06/22/2015 - 16:23 | 6223142 Arnold
Arnold's picture

Paydays are regular on Thursdays.

Mon, 06/22/2015 - 16:37 | 6223194 XitSam
XitSam's picture

The Fed has their own police force, and reportedly, they're pretty tough.

Congress has the ceremonial position of Sergeant at Arms.

Well, there's your problem right there.

Edit: Capitol Police are there to protect Congress from the rightful anger of voters, not enforce Congress' will.

Mon, 06/22/2015 - 16:22 | 6223140 mtndds
mtndds's picture

Well that takes care of it.

Mon, 06/22/2015 - 16:23 | 6223146 surfersd
surfersd's picture

A Federal Reserve that won't comply with a subponea, a presidential candidate and Sec of State who destroys emails and a President who lies about major facts on his signature legislation. Imagine if you were a CEO of a publically traded company and you did any of this things?

 

 

 

Mon, 06/22/2015 - 16:31 | 6223170 Arnold
Arnold's picture

I think that the only Win we can take from this is that a very small cadre of us know about this.

( What's  this we stuff Paleface?)/s

Mon, 06/22/2015 - 16:35 | 6223193 TheMeatTrapper
TheMeatTrapper's picture

"A Federal Reserve that won't comply with a subponea, a presidential candidate and Sec of State who destroys emails and a President who lies about major facts on his signature legislation. Imagine if you were a CEO of a publically traded company and you did any of this things?"

 

And the American people keep voting for it. Over and over and over.

Mon, 06/22/2015 - 17:45 | 6223437 WillyGroper
WillyGroper's picture

Whoa, just wait till you get a load of the TPP's copyright verbage!

It's gonna shut the interwebz downz for dem trbl makers.

Mon, 06/22/2015 - 18:18 | 6223539 Arnold
Arnold's picture

i know better than to ask..........

Yet, when?

Mon, 06/22/2015 - 18:20 | 6223546 Bobbo
Bobbo's picture

Oh, but everything they* do, they do for their country** !

*  The criminal enterprise and their secret police.
**  Themselves and especially their secret owners.

Mon, 06/22/2015 - 16:26 | 6223152 The Delicate Genius
The Delicate Genius's picture

Who owns, ultimately, the shares in the federal reserve regional banks?

And is rockefeller, and morgan and rothschild in that mix?

Mon, 06/22/2015 - 16:29 | 6223165 runswithscissors
runswithscissors's picture

shove that fiat fraud right up your twat yellen

Mon, 06/22/2015 - 16:33 | 6223184 Arnold
Mon, 06/22/2015 - 16:35 | 6223190 Son of Loki
Son of Loki's picture

" Yes we can! "

Mon, 06/22/2015 - 16:38 | 6223203 WTFUD
WTFUD's picture

The FED is the Financial Wing/Arm of the Cabal and is NOT answerable to Congress. The People's Congress (Haha) is an irrelevant entity , controlled by a few insiders to give the illusion of a democratic process. As witness TPP ( you can have a 5 minute glance at a few pages; cannot comment in public on the details; when it passes we can then open up the main text ) and other SECRET DRAFTS.

WAKE THE FUCK UP DUMMIES

Mon, 06/22/2015 - 16:40 | 6223206 XitSam
XitSam's picture

Let's hear the denial from the IG and DOJ, not from the person being investigated.

Mon, 06/22/2015 - 16:59 | 6223260 Fun Facts
Fun Facts's picture

"If this does not confirm The Fed is utterly above the law, we are not sure what it will take to convince skeptics of the need for an independent audit."

What it confirms is who reports to whom.

The bankster cabal is at the top of the org chart.

Mon, 06/22/2015 - 17:37 | 6223396 Latitude25
Latitude25's picture

Screw an audit.  Close the place down.

Tue, 06/23/2015 - 11:51 | 6225668 Kobe Beef
Kobe Beef's picture

With flamethrowers.

Mon, 06/22/2015 - 17:06 | 6223269 Batman11
Batman11's picture

All bankers are above the law.

Where have you been since 2008?

Even the self confessed fraudster, "The Fabulous Fab", got away with just a fine, he was not barred from working in finance again as banks need all the criminals they can get.

 

Mon, 06/22/2015 - 17:31 | 6223376 wisefool
wisefool's picture

Maybe some smart people could come up with the amount of tort crimes that occured as part of the 2008 crash?

Maybe TPTB could put a couple of them in country club prison for a few years to show that we are capable of learning?

Nope. 

Mon, 06/22/2015 - 19:28 | 6223722 Arnold
Arnold's picture

"You are gonna need a Bigger boat" there sham us

Mon, 06/22/2015 - 17:06 | 6223277 NoWayJose
NoWayJose's picture

At least Yellen is still saying 'No'. The IRS would have crashed their hard drive as an excuse, and Hillary would have wiped all the data off her hard disk. But I guess the other way of looking at this is that Yellen is not smart enough to cover this up with a plausibly deniable excuse.

Mon, 06/22/2015 - 21:00 | 6224009 Baa baa
Baa baa's picture

Presuming she has one...Just one...

Mon, 06/22/2015 - 17:09 | 6223290 wisefool
wisefool's picture

People are going to have a "left shoe right shoe" moment when they understand the relationship between a printing press and nuclear power.

 

hint to the IRS: Don't bring nukes. I want people to live.

Mon, 06/22/2015 - 18:26 | 6223555 Arnold
Arnold's picture

No.

It's Hay foot /Straw foot.

How have you been here so long, posted so little, and be so obtuse?

Mon, 06/22/2015 - 19:00 | 6223664 wisefool
wisefool's picture

no sarc. my dream as a young man for safety and security (out of neccesity) was to be a tax LLM. Then "they" sent me a cheque for $43.

It is a big club but I ain't in it. 

Mon, 06/22/2015 - 17:18 | 6223318 Bill of Rights
Bill of Rights's picture

So this confirms the banking Cunts rule and the politicians are meaningless.

Mon, 06/22/2015 - 17:27 | 6223353 valley chick
valley chick's picture

pop quiz.....the punishment for treason is.........

Mon, 06/22/2015 - 17:35 | 6223392 Latitude25
Latitude25's picture

Smaller violations of the law by TPTB will lead to larger and larger violations as the country plunges into fascism.

Mon, 06/22/2015 - 17:37 | 6223395 Seasmoke
Seasmoke's picture

Didn't Greenfucker already confirm this in an interview a few years ago. They answer to no one. That's why this time the sword needs to be mightier than the pen. 

Mon, 06/22/2015 - 17:39 | 6223406 BI2
Mon, 06/22/2015 - 17:47 | 6223444 q99x2
q99x2's picture

The FED is the law. They've taken over the United States of America and are paying the DHS to make preparations to kill us.

Mon, 06/22/2015 - 18:13 | 6223523 LongOfTooth
LongOfTooth's picture

They've got us by the balls. 

 

Mon, 06/22/2015 - 18:16 | 6223535 are we there yet
are we there yet's picture

If Yellin was subpinad by congress, and she refused, congress is powerless to jail her or members of her tribe. The Fed has shown it is above the law.

Mon, 06/22/2015 - 18:34 | 6223591 overmedicatedun...
overmedicatedundersexed's picture

time to elect a Horse for senate, maybe a govenor or the empirial president can find a black horse with white stripes to be fair. Hannah has a talking horse in her ads that might do the trick.

"see history of rome and the horse in the senate"..maybe a horse is too smart and honest for that lot we got today.

Mon, 06/22/2015 - 19:13 | 6223689 Atomizer
Atomizer's picture

Dear Yellen, 

You will be back footing these allegations once the leak becomes globally public. How will you respond to the international community? 

 

Mon, 06/22/2015 - 19:35 | 6223741 Arnold
Arnold's picture

" We are not  subject  to that 'writ of law'."

--Y

Mon, 06/22/2015 - 19:18 | 6223705 gwar5
gwar5's picture

Send in a SWAT dream team with dudes from Ferguson, Baltimore and Chicago. 

Mon, 06/22/2015 - 19:48 | 6223708 razorthin
razorthin's picture

.

Mon, 06/22/2015 - 19:30 | 6223731 Laddie
Laddie's picture

Of COURSE Tribe member Yellen refuses, just as BATFE and Eric Holder refused Congress in hearings on FAST & FURIOUS, just as Obama does what he wants, immigration, gun restrictions, in DIRECT VIOLATION of the Constitution and established law.

The Bolsheviks are in charge--surely it must be OBVIOUS by now. And the Repukes are just the obverse side of the same Kosher Coin.

Mon, 06/22/2015 - 19:36 | 6223753 Bopper09
Bopper09's picture

Da Costa's stll alive?  Come on satan, you're getting soft.  Maybe starting to believe your own bullshit.

Mon, 06/22/2015 - 20:59 | 6223999 A_latvian
A_latvian's picture

So The Fed says that The Fed is investigating The Fed for criminal activity in The Fed, so therefore The Fed should not have to provide any information to, say, The People.

Sounds about right in Obamaville.

Mon, 06/22/2015 - 21:18 | 6224067 jmaloy5365
jmaloy5365's picture

I would have all their heads.

I'm running for President at GoFundMe.

Mon, 06/22/2015 - 21:31 | 6224117 SMC
SMC's picture

Alleged criminal investigation by "Just Us" may be to find any evidence and destroy all traces of it, then "nail guns to facilitate suicide" for the minions with first hand knowledge.

We're well beyond FUBAR now.

Tue, 06/23/2015 - 00:37 | 6224520 NoWayJose
NoWayJose's picture

Just throw Yellen in jail until her co-workers provide the evidence. If they do, she is guilty and can stay in jail. If the co-workers do not supply the evidence, the country wins anyway.

Tue, 06/23/2015 - 18:59 | 6227525 wilson34
wilson34's picture

 

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